Dublin – Tuesday, May 10th 2022
AerAdvise today announces the appointment of John Whitty, as Special Advisor to the AerAdvise technical advisory committee at its Dublin HQ, effective 10th May 2022.
John Whitty will report to Pat Toner Group CEO as part of the technical advisory committee supporting our new COO Mr Mike Byrt and the larger AerAdvise business framework. Mr Whitty has been instrumental in the foundation and development of AerAdvise having held the position of Chief Technical Officer (CTO) since its formation.
Mr Whitty has been involved in aviation for many years firstly having begun his career with the Irish Air Corps and subsequently holding very senior roles both in local Irish & international aviation business beginning with AerLingus, Air Transport Division New Zealand, AerTuras, Schreiner Airways and Aergo Capital, to industry regulatory institutions such as the Irish Aviation Authority.
“I am delighted that such an experienced and industry recognised expert such as John has accepted to remain and serve as part of our newly established technical advisory committee. The richness of the expertise and diversity that will be amassed in the group of experts who have accepted to give so generously with their time to serve as Special Advisers will undoubtedly make an important contribution to the work and mandate of the AerAdvise business. I welcome John as part of this team, and look forward to working closely with him and our other advisors going forward”.
“Having held the position of CTO with the AerAdvise business from its formation, I am delighted to further support the exciting next stage of its planned growth strategy as an advisor to its newly formed committee. I am very confident that Mike with his technical experience as COO will continue the impressive growth of the business built to date. I would also like to add that Pats vision & strategy for both AerAdvise and the broader group is very exciting and something I look forward to being a part of”.
Dublin – Tuesday, May 10th 2022
AerAdvise, the international aviation technical asset management services subsidiary of Tekunh Group, today announces the appointment of Mike Byrt, as Chief Operating Officer of Technical Operations in the AerAdvise business effective 2nd May 2022.
Mike Byrt will report to Pat Toner Group CEO. Mike has over 35 years’ experience in the aviation industry and has most recently held the position of Technical Services Director & founder of the CAMO business inside the Atlantic Aviation Group since January 2017. Throughout the course of his long career, he has held a series of senior technical roles with international organisations including Shannon Aerospace (Lufthansa Group) & Part M Aviation.
“Our AerAdvise business is poised for long-term growth, with an established operational platform Dublin and Ireland recognised as the international centre of excellence for aircraft leasing. Mike has overseen the transformation of several aviation technical businesses into global multi-tier service providers with sustainable, profitable portfolio’s of business and we are very pleased he will be leading AerAdvise into the next phase of its expansion.”
“AerAdvise is a fantastic technical consultancy platform to the aviation industry, with a targeted range of service streams, a wealth of talent and established reputations at internationally. With market conditions improving markedly, I look forward to working with Pat and the broader operational team to grow the business further.”
Dublin – Thursday, April 28th 2022
The owner of Dublin-based aircraft management specialist AerAdvise acquires Core Financial Systems
Chirisa Investments joins shareholder base of combined group
Further acquisitions planned to expand the platform’s capabilities
Dublin based aircraft management specialist AerAdvise is to join forces with Core Financial Systems which is a leading financial software provider with a particular expertise in aircraft leasing, financial services and the public sector. The financial terms of the transaction are not being disclosed.
The transaction will see both AerAdvise and Core Financial Systems operate as separate but complimentary business under a Group Structure. The management team of Core Financial Systems including founder Tony Salmon, are remaining with the company which expects to grow employee numbers significantly in the next 24 months.
Existing shareholders in AerAdvise, Pat Toner and Kouchin Holdings (Emmet O’Neill) are joined as shareholders in the enlarged group (called Tekunh Ltd) by Chirisa Investments.
The Group have a number of further acquisitions planned in both the aviation and non-aviation sectors as the company builds out a comprehensive services platform built on a recurring revenue model. The business is aiming to grow revenue to €30m-€40m over the next 24 months through both an acquisition and organic growth strategy.
Speaking today Pat Toner said; “With powerful backing, we will draw on decades of experience to push the boundaries of technology innovation and remain focused on growing highly skilled jobs, delivering outstanding technology solutions, capabilities and services to our respective customers.” We expect to be in a position to make a number of additional acquisitions to support our recurring revenue business strategy through the next 24 months.”
Established by Pat Toner in 2018, AerAdvise is an independent consulting and asset management company working with aircraft leasing clients around the world. The AerAdvise team has several decades of experience in aircraft leasing, MRO (Maintenance, Repair and Overhaul) and aviation technology. Clients of AerAdvise include investment funds, banks, aircraft leasing companies, asset managers and airlines.
Core Financial Systems was founded by Tony Salmon in 1998. The company has developed a range of proprietary software modules for aircraft leasing, industrial and government customers. Core is the largest Infor Business Partner in Ireland and has earned a reputation of deploying world class business solutions into their blue-chip client base and for being at the forefront of technology advancement. Clients include leading aircraft leasing companies, Government Departments, financial services companies, and national and international businesses. Core Financial Systems has successfully developed a diversified base of recurring revenue customers in recent years.
Speaking today, Tony Salmon said: “this transaction will enable us to dramatically grow our employee number and our services to support new and existing clients. We are now positioned strongly for significant investment and growth and I am very excited at what we will achieve over the coming five years.”
AerAdvise was advised on this transaction by Clearwater Dublin (www.clearwaterinternational.com/ie)
Dublin – Monday, February 28th 2022
AerAdvise Group Debuts Landmark European Headquarters beside Dublin International Airport Ireland. Our new European Headquarters are located at the 2nd Floor, No.1 Northwood Avenue, Dublin, Ireland.
AerAdvise Group CEO Patrick Toner commented, “The decision to relocate comes as part of the company’s ambitious 5 year growth strategy in Ireland providing specialist services to the international aviation markets”. This move is a very pivotal start to the New year for us and highlights a solid commitment to our customers, partners and continued collaboration during a particularly challenging period for our industry globally. Our new European headquarters also provides the necessary new functional working space for staff with the added ability to host our customers and their clients during challenging projects. Moving forward in 2022 we will also see some further exciting news from the group in several areas including new hires to the business.
AerAdvise Chief Technical Officer Mr John Whitty also commented “To date the market has welcomed or TES “Technical Engineering Solutions” these include both our Technical Services, Records Reviews & CAMO offerings and through this, we will continue to expand these services further in the months ahead starting with our new records storage solution and onsite presentation of aircraft records.
Dublin – Wednesday, December 15th, 2021
AerAdvise Adds Additional Aircraft Types to Part-CAMO Approval and Receives Airworthiness Review Privileges
AerAdvise are pleased to announce they have extended the part-CAMO Terms of Approval to include the following aircraft types; B737 MAX, A319/A320/A321 NEO, A330, A350, B787, ATR 42, ATR 72, E190, E195 and Bombardier Q400. These approvals are in addition to the existing approvals for B737 NG and A318/A319/A320/A321.
The AerAdvise CAMO approval now includes the authorisation to perform Airworthiness Reviews on each of these aircraft types.
Of the approval, the AerAdvise CAMO team said: “We would like to thank all who were involved in getting these approvals. The additional capabilities will be a useful addition to our portfolio of services for all our existing and future customers.”
Subsequent to receiving the approval, AerAdvise completed its first Airworthiness Review Certificate recommendation for Emerald Airlines in December.
Dublin – Thursday, December 2nd, 2021
The AerAdvise team were pleased to assist Emerald Airlines in receiving their EASA part-CAMO approval and AOC from the IAA.
AerAdvise provided support in the development of the Emerald Airlines Continuing Airworthiness Exposition (CAME), Approved Maintenance Programme (AMP) and Minimum Equipment List (MEL) as well as input towards the initial set up of Emerald Airlines CAMO. In addition, AerAdvise provided support to Emerald Airlines in the delivery of their first ATR72 aircraft.
Pat Toner, AerAdvise CEO & Founder, commented: “We are excited to evolve our working relationship with Emerald Airlines, in assisting this new Irish airline in achieving its CAMO certificate. Emerald is an important part of our aviation system in Ireland, so we have experienced first-hand Emerald’s performance-driven and entrepreneurial culture, proven success in building and extending the Emerald brand and their strong airline product innovation. We believe this relationship will create compelling and sustainable value for our AerAdvise regulated technical services business and our shareholders.”
Commenting on the announcement, Conor McCarthy, CEO and Founder of Emerald Airlines said: “We are very pleased with the outcome of our work with AerAdvise. The CAMO certificate was a key milestone to achieving our AOC and enables us to perform the continuing airworthiness management of our ATR FLEET.”
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